Home Business China budgets $123bn for new Silk Road trade route

China budgets $123bn for new Silk Road trade route


Image result for China  silk road planChinese President Xi Jinping on Sunday pledged $124B for his new Silk Road plan to forge a path of peace, inclusiveness and free trade, and called for the abandonment of old models based on rivalry and diplomatic power games.

Xi hosted delegates attending his “One Belt One Road” forum with a dinner and gala performance on Sunday.

Guests including Russia’s President Vladimir Putin and Turkey’s President Tayyip Erdogan were greeted by Xi and his wife, Peng Liyuan, and posed for a group photo before dinner and a gala performance.

Xi used the summit on the initiative, attended by leaders and top officials from around the world, to bolster China’s global leadership ambitions as U.S. President Donald Trump promotes “America First” and questions existing global free trade deals.


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